TORONTO, May 20 (Reuters) - The Canadian dollar touched its
highest level in seven months on Wednesday, lifted by rising
oil and equity prices and as the U.S. dollar tumbled on hope
the global economy may be stabilizing, which dented the
greenback's appeal as a safe haven.

The combination of factors helped to push the Canadian
currency as high as C$1.1363 to the U.S. dollar, or 88.00 U.S.
cents, its highest level since Oct. 14.

The broader story was U.S. dollar weakness, said J.P.
Blais, vice-president, FX Products, BMO Capital Markets

"Everyone is trying to sell as many U.S. dollars as
possible," said Blais. "It's a little bit more of a
continuation of looking into riskier trades and for better
yields."
Continued...